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Quick Hit
by Ellyn Fortino
4:55pm
Mon May 9, 2016

Illinois Republican Lawmaker: Budget Proposal Possibly On The Horizon

State Rep. Patti Bellock (R-Hinsdale) says she is hopeful a bipartisan committee of state lawmakers will have a budget proposal ready to present soon.

Bellock is a member of the budget working group, which was reportedly formed by the governor and is meeting daily. She spoke Monday afternoon at a City Club of Chicago discussion on the Illinois budget. Three other state lawmakers were on the City Club of Chicago panel, including state Sens. Daniel Biss (D-Evanston) and Andy Manar (D-Bunker Hill) and state Rep. David McSweeney (R-Barrington Hills).

The budget working group, Bellock said, is comprised of "budgeteers from all the different (appropriation) committees." The group is "trying to come up with" a budget proposal and is working on "line item after line item after line item," she explained.

Quick Hit
by Ellyn Fortino
3:45pm
Fri Apr 22, 2016

Labor Market Looking Up For Recent Grads, But Experts Say More Improvement Needed

The U.S. labor market remains tough for today's young high school and college graduates, but their job prospects are brighter than they were for past groups of students who graduated in the wake of the Great Recession, finds a new analysis by the Economic Policy Institute (EPI)

Nonetheless, recent graduates continue to experience poor wage growth as well as unemployment and underemployment rates higher than pre-recession levels, according to the liberal think tank. Unemployment rates among young college and high school graduates also remain higher for blacks and Hispanics than whites.

"Though there has been improvement since the unemployment rate for young workers peaked in 2010, the labor market has still not completely recovered," reads EPI's report. "Thus, the class of 2016 will be the eighth consecutive graduating class to enter the labor market during a period of weakness. The evidence suggests that because of their unlucky timing -- in other words, through absolutely no fault of their own -- this cohort is likely to fare poorly for at least the next decade."

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